Free stock tips 03-Feb

The Indian market opens for trade on the last day of the week on a flat-to-negative note. Earlier, the US markets closed flat with a mixed bias with the Dow down 11 and Nasdaq up 11 odd points while Asia is soft at this hour. Sensex is trading at 17422, down 8 points from its previous close, and Nifty is at 5262, down 7 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.3%. The market breadth is positive with advances at 379 against declines of 311 on the NSE.



Sell Axis Bank below Rs 1050 with a target of Rs 970-960 and stop loss of Rs 1111.40. The stock is currently trading at Rs 1071.60, down 0.1% on the BSE.

Buy Mercator Ltd. with a target of Rs 31 and stop loss of Rs 22. The stock is currently trading at Rs 26.90, up 2.9% on the BSE.

Sell Reliance Power with a target of Rs 96 and stop loss of Rs 102. The stock is currently trading at Rs 98.80, down 0.7% on the BSE.
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